self-employment

self-employment
In law, the key tests as to whether a person is an employee or an independent contractor include whether the services are carried out by a person on his own account, and the degree of control over the performance of the job.

Easyform Glossary of Law Terms. — UK law terms.

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  • Self-employment — is the individual pursuit of capitalism. To be self employed, an individual is normally highly skilled in a trade or has a niche product or service for their local community. With the creation of the Internet the ability for an individual to… …   Wikipedia

  • self-employment — self employed ˌself emˈployed adjective JOBS 1. having your own business, rather than being employed by a company: • Over a quarter of agency supplied computer staff are self employed. • Many self employed businessmen are dependent on loans for… …   Financial and business terms

  • self-employment — self employed ► ADJECTIVE ▪ working for oneself as a freelance or the owner of a business rather than for an employer. DERIVATIVES self employment noun …   English terms dictionary

  • self-employment — noun Working for oneself, as being an independent contractor. Self employment lacks the security of working for a big company, but at least the only idiot boss you will meet is yourself …   Wiktionary

  • self-employment tax — n. The 15.3% tax that the self employed must pay on their incomes to cover both employee and employer portions of Federal Insurance Contribution Act taxes. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …   Law dictionary

  • self-employment — /self em ploy meuhnt, self /, n. the act or fact of being self employed. [1735 45] * * * …   Universalium

  • Self-Employment Tax — A tax imposed on self employed people, who must pay this tax in order to receive social security benefits upon retirement. The self employment tax may be reduced if the person also pays social security and Medicare taxes through another employer …   Investment dictionary

  • self-employment tax — The social security tax imposed on the net earnings of a self employed individual. The J, S self employment tax is assessed in addition to an income tax up to an annual maximum, which is reduced by any wages previously subject to social security… …   Black's law dictionary

  • self-employment tax — A tax paid by self employed persons to finance their coverage under the social security system. See self employment income …   Ballentine's law dictionary

  • self-employment income — Net earnings from self employment, subject to certain specific limitations fixed by statute. Internal Revenue Code § 1402(b) …   Ballentine's law dictionary

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